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Dubai Teams Up with Crypto.com to Digitize Real Estate Sector

  • The Dubai Land Department (DLD) and Crypto.com have signed a Memorandum of Cooperation to integrate blockchain and digital assets into property transactions in Dubai.
  • The partnership is part of the Dubai Real Estate Strategy 2033 to modernize the sector with technologies like blockchain, tokenization, and digital payments.
  • Crypto.com will facilitate digital real estate transactions, offering solutions to tokenize properties, simplify buying/selling using cryptocurrency, and establish secure infrastructure for custody and settlements.
  • Additionally, the Department of Finance will permit payment of government fees via cryptocurrencies, enabling users to convert crypto to AED through Crypto.com's exchange for settlement, streamlining payments for users.

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